A great post from al fin next level - the headline is: Just. Wow.
Oil: For Every Barrel Consumed, Two Are Discovered
“For every barrel of oil consumed over the past 35 years, two new barrels have been discovered.” In other words, technology has increased the available oil despite the fact that humans have been using it at an increasing rate for over a century. For the past 15 or so years, fracking (and directional drilling) is the main reason that proved reserves have increased. __ https://www.e-education.psu.edu/emsc240/node/527
Peak Oil Armageddon is postponed, as global oil reserves keep rising.
Much more at the site. I knew we had oil reserves but had no idea they were so massive. We are set for the next couple hundred years at least and that is not counting new abiogenic deposits. More than enough time to get a decent intelligent nuclear design scaled out.
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